In re K.M. and C.M.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• real estate and improvements to real estate are not normally considered “merchandise” for purposes of determining whether the use of inventories is permitted to the taxpayer
• real estate and improvements to real estate are not normally considered \merchandise\ for purposes of determining whether the use of inventories is permitted to the taxpayer
• real estate and improvements to real estate are not normally considered “merchandise” for purposes of determining whether the use of inventories is permitted to the taxpayer
• “[A] departure from the actual cost of the particular items sold takes place.”
• developed real property constructed and held for sale is not inventory
• developed real property constructed and held for sale is not inventory

Source: CourtListener parenthetical corpus (CC0).